Tuesday, November 26, 2013

*For Monday, November 25, 2013.AnalysisThe Euro/US Dollar (EUR/USD) currency pair was down 0.19% to 1.353 from 1.35556. The EUR/USD is above the 21 and 200 day moving averages of 1.347429 and 1.326459, respectively but below the 50 day moving average of 1.356421. Support for the EUR/USD is 1.34 while resistance is 1.363.SignalCurrent=1 Note: 10=Go Long (Buy); 0=Go Short (Sell)Comments: The signal went to 0 on 10/24/13 indicating it was time to short (sell) the EUR/USD currency pair.Current TradeCurrency Pair: EUR/USDPosition: Short (Sell)Open Date: 11/20/13Open Price: 1.34285Current Price: 1.353% Return: -0.76%Comments: Normally I would have waited for the next signal to open a position. However, I decided to open a short (sell) position in the EUR/USD since the signal was close to zero. I will hold the short (sell) position in the EUR/USD until the signal reaches 10 or I get a margin call. Charts

Trade History

Follow On

Blog Archive

Disclaimer

This blog is for informational, educational, and entertainment purposes only. I am not an investment advisor. Invest at your own risk. This is not a solicitation to buy and/or sell securities. Consult your financial advisor to determine which investments are appropriate based on your financial position and risk tolerance. Information found in other website links in the opinion of the authors and I do not endorse the content. Your personal information is not used, shared, rented, or sold when you communicate with me through email or leave a comment in a blog post.